Peanuts: Background for 1985 Farm Legislation

Duane Hacklander, Walter Gardiner and Jorge Hazera

No 305748, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: The peanut program has historically led to surplus production and increasing Government costs. Farm legislation in 1977 initiated a two-price poundage quota peanut program, which was continued under the 1981 farm act. The 1981 Act suspended the peanut acreage allotments. The poundage quota was decreased each year to eliminate the excess of peanuts supported at the higher of the two support prices. The peanut program will revert to permanent legislation of acreage allotments and parity supports unless a new program is enacted. Issues for 1985 farm legislation include whether to continue the current program or to include peanuts under a more general agricultural program.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 31
Date: 1984-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:305748

DOI: 10.22004/ag.econ.305748

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